Wynn commits $3.4bn to UAE resort ahead of 2027 opening

Summary

Wynn Resorts has committed $3.4bn of a $5.1bn budget to develop Wynn Al Marjan Island, an integrated resort in Ras Al Khaimah, UAE, targeting an early 2027 opening. The company says around 67% of project costs are already spent or contracted, with the remaining $1.7bn to be deployed as construction continues.

The resort will feature a 353m, 70-storey tower with 1,530 rooms and suites, 275 gaming tables and more than 2,000 gaming machines. Additional amenities include 24 restaurants and lounges, a theatre, nightclub, five-star spa and 420 metres of private beach frontage. Wynn projects annual gross gaming revenue (GGR) for the property of $1bn–$1.66bn, with total net revenue of $1.38bn–$1.88bn at steady state, and gaming making up roughly 82% of revenue in the base case.

Construction highlights: tower structural concrete is 100% complete, about 70% of exterior glazing is installed, some 18,000 workers are on site daily and air conditioning for guest rooms began in October 2025. Wynn holds a 40% stake in the joint venture with Marjan and RAK Hospitality Holding.

Key Points

Wynn has committed $3.4bn of a $5.1bn project budget for Wynn Al Marjan Island; $1.7bn remains to be spent.
Project is moving fast: tower structural concrete complete, ~70% facade glazing installed, AC started in Oct 2025, ~18,000 workers on site daily.
Resort specs: 70-storey (353m) tower, 1,530 rooms, 275 gaming tables, >2,000 gaming machines, 24 restaurants, theatre, nightclub, spa and 420m private beach.
Wynn forecasts property GGR of $1bn–$1.66bn and total net revenue of $1.38bn–$1.88bn; gaming ~82% of revenue in the base case.
Wynn projects the wider UAE gaming market could reach $3bn–$5bn GGR if three integrated resorts operate in the emirates.
Wynn holds 40% equity in the JV; expected returns on equity range from 16.7% to 34.3% depending on performance.
Management and licence fees to Wynn are forecast at $110m–$230m annually, depending on performance.
Location/access: ~50 minutes from Dubai International Airport, ~15 minutes from Ras Al Khaimah International Airport; local road upgrades aim to cut travel times from Dubai by 45%.

Why should I read this?

Short version: this is huge. Wynn’s bet makes the UAE a real player in global integrated resorts — first licensed casino resort, big money, big capacity. If you follow iGaming, hospitality investment, regional tourism or regulatory shifts in MENA, this changes the competitive map and revenue potential. We’ve dug out the numbers so you don’t have to.

Source

Source: https://next.io/news/casino/wynn-commits-uae-resort-ahead-2027-opening/